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Department of Financial & Management Studies (DeFiMS)

Management in China 1 - domestic perspectives

Course Code:
15PFMC067
Unit value:
0.5
Taught in:
Term 1

The purpose of the course is to describe and explain the evolution of Chinese managerial systems in ways that are both analytically sound and, at the same time, provide a range of knowledge that will be useful to those expecting to work in or with the Chinese business world.

The course is designed to accommodate the needs of both those with little previous knowledge of Chinese affairs and those with limited background in management studies. In this first of two Management in China courses, we set the analytical trail and then proceed to explore the interaction between long-run historical, geographical and social environments and the evolution of Chinese economic organisation and management practices. We examine the logic of centrally planned socialist economic systems and the application and limitations of such systems in China. We explain the stages of the Chinese economic transition. We also examine the managerial issues facing state-owned enterprises, township and village enterprises and the emerging private sector. We consider the possibilities opened up for managerial systems in ‘transitional economies’.

Objectives and learning outcomes of the course

The course is designed to provide students with a description and explanations of economic development & business environment in China focusing on domestic issues. After successfully completing the course, students will be able to demonstrate that they have built up country-specific background knowledge on China, which is necessary for either further studies on China or doing business in China or with the Chinese business world.

The learning outcomes of the course can be summarized as the following:

Upon completing study of this course, it is expected that students will be able to demonstrate that they can

  • Paint an overall picture of China concerning China's development strategy, China's institutional transition, macroeconomic environment for business, and features of the Chinese business sector. 
  • Understand the reform measures that have taken China to reach its current stage of economic development and business environment.
  • Understand the differences between China and other economies; in particular, understand China's special character regarding economic development & business environment, which are revealed during its transition from a planned economy to a market system.

Method of assessment

Assessment for this course is by one tutorial presentation at 10%; an essay of 4,000 words at 30%; an unseen written examination at 60% of the total grade; all elements except the presentation may be resubmitted

Suggested reading

You will be provided with a study pack of important articles at the start of the course, but the following should give some indication of the type of reading you will undertake.

  • Lin, Justin Yifu, Fang Cai and Zhou Li (2003), The China Miracle: Development Strategy and Economic Reform (revised edition). Hong Kong: The Chinese University Press.
  • Barry Naughton (1995) Growing out of the Plan: Chinese Economic Reform 1978-1993. Cambridge: Cambridge University Press.
  • Nolan, P. (2001) China and the Global Business Revolution. Basingstoke, Palgrave.
  • Tenev, Stoyan and Chunlin Zhang with Loup Brefort (2002), Corporate Governance and Enterprise Reform in China: Building the Institutions of Modern Markets. Washington DC: World Bank and the International Finance Corporation. Downloadable from http://www.ifc.org/wps/wcm/connect/93111800485831c58971e9fc046daa89/Corporate+Governance+in+China.pdf?MOD=AJPERES.
  • Perotti, Enrico C., Laixiang Sun, and Liang Zou (1999), “State-Owned versus Township and Village Enterprises in China”, Comparative Economic Studies, vol. 41, no. 2-3 (Summer-Fall), pp. 151-79.
  • Asian Development Bank (2003). The Development of Private Enterprises in the People’s Republic of China. Free download from: www.adb.org/Documents/Reports/TAR3543/default.asp.